Several research analysts have recently commented on DG shares. Tetrem Mgmt Ltd has invested 1.82% in Dollar General Corporation (NYSE:DG). It also reduced its holding in Spdr S&P 500 Etf Tr (SPY) by 18,394 shares in the quarter, leaving it with 26,354 shares, and cut its stake in American Intl Group Inc (NYSE:AIG). Longview Partners Guernsey LTD now owns 11,321,660 shares of the company's stock valued at $917,621,000 after purchasing an additional 3,310,168 shares in the last quarter. Parsec Financial Management Inc. grew its position in Dollar General by 11.9% during the third quarter. Finally, Capital International Investors grew its stake in Dollar General by 1.8% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,968,047 shares of the company's stock worth $141,877,000 after buying an additional 1,543,619 shares during the period. PA purchased a new stake in Dollar General during the third quarter valued at $344,000. L L C now owns 1,241,424 shares of the company's stock worth $89,495,000 after buying an additional 945,673 shares during the last quarter.
In other news, EVP Robert D. Ravener sold 11,257 shares of Dollar General stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total value of $866,789.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
This likely helped the company net more sales ahead of the disasters, when people stocked up on emergency supplies like flashlights, drinking water and food. Deutsche Bank maintained the shares of DG in report on Wednesday, October 7 with "Buy" rating. Buckingham Research maintained the stock with "Neutral" rating in Wednesday, April 19 report. KeyBanc Capital Markets maintained the stock with "Hold" rating in Thursday, August 31 report. (NYSE:DG), 14 have Buy rating, 3 Sell and 12 Hold. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Covering sell-side analysts are estimating company growth for next year to be 10.33%. The company now has a consensus rating of "Hold" and an average price target of $82.93. Alliancebernstein Limited Partnership has invested 0.11% of its portfolio in Dollar General Corporation (NYSE:DG). Moreover, Epoch Investment Prtn has 0.46% invested in Dollar General Corporation (NYSE:DG).
The stock increased 2.63% or $2.39 during the last trading session, reaching $93.24. The company has a quick ratio of 0.18, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The firm has a market cap of $24,694.42, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96. Dollar General Corp. has a 52 week low of $65.97 and a 52 week high of $92.11. In the same period of previous year, the retailer said it had EPS of $0.89 and $5.32 billion in revenue. The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.80 billion.
Investors has seen a return of equity of 22.30%. Stockholders of record on Tuesday, January 9th will be given a dividend of 0.26 per share on Tuesday, January 23rd.More news: Brush fire north of Los Angeles forces evacuations
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Dollar General has a dividend payout ratio of 23.1% meaning its dividend is sufficiently covered by earnings.
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"This represents a slight shift in focus-but one that we believe presents Dollar General with a significant opportunity", Saunders said.
According to Dollar General, comps lifts were spurred by positive results in the consumables, seasonal and apparel categories, partly offset by negative results in the home product category. The firm offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise sweets, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products.